ANSYS, Inc. (ANSS) Receives $124.90 Average Price Target from Analysts
Shares of ANSYS, Inc. (NASDAQ:ANSS) have earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $124.90.
ANSS has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Zacks Investment Research cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Berenberg Bank upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Tuesday, January 30th. Finally, Evercore ISI restated a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a report on Thursday, November 2nd.
In other ANSYS news, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total transaction of $152,121.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maria T. Shields sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total transaction of $4,063,000.00. The disclosure for this sale can be found here. Insiders sold 38,527 shares of company stock valued at $4,973,622 in the last 90 days. Company insiders own 1.30% of the company’s stock.
ANSYS (ANSS) traded up $3.33 during trading on Friday, hitting $153.74. 455,300 shares of the stock were exchanged, compared to its average volume of 492,246. The stock has a market cap of $13,050.00, a P/E ratio of 48.35 and a beta of 1.07. ANSYS has a twelve month low of $96.68 and a twelve month high of $164.90.
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ANSYS Company Profile
ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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